Betsson agreed to acquire Inkabet for $25.0m, with additional payments tied to performance targets. This acquisition is part of Betsson’s strategy to strengthen and expand its presence in Latin America, a strategically important region for the business. The company expects the purchase to increase scale, generate synergies, and contribute to both revenue and earnings growth starting from the fourth quarter of 2021.
This transaction further solidifies Betsson’s market share in the LatAm region, following previous acquisitions of JDP Tech Ltd, Suaposta, and Colbet. Betsson’s CEO, Pontus Lindwall, stated that the company has performed well in Latin America and has ambitious plans for the future in this important region.
This purchase comes after Betsson’s chairman, Patrick Svensk, resigned from the group due to the handling of Lindwall’s departure, which was communicated through a press release.
